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now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe investments. but other things that are traditionally considered to be safe like utility stocks and reit, things that are really dependent upon the cost of long-term money, we think durable. gerri: volatility can be your friend. >> because down or volatility can create buying a virginities if you are positioned for a. buy things lower. buy low and sell high. gerri: that is always the case. to you as you lookkat this market going forward. we just showed these numbers. up 13% on nasdaq at 17. what is interesting about this is that i don't b
now this point to be china and india. i think as you see things zealand head higher there that will improve global sentiment. gerri: you have an outlook on what investors should do. talk about changing asset allocation, redefining what constitutes safety. >> the first thing is we would use this complacency we are experiencing in the optimism to take profits for risk assets. we think one should be about 20% in cash. and we would redefine, we believe because of the bubble in bonds that safe...
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Dec 31, 2012
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on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand if you have heard of that? i thought we would have more in the audience. the reason you have not heard of it is that it only allows from 1960 until 1975, when things did not go that well. the point of the example is that they don't last. they go on for a while and systems are prone to booma nd bust. -- boom and bust. we keep thinking the chinese one is going to last forever. this is going to last forever. it is going to slow down a lot more. why does that give us insight into the grove miracle? let me take
on china. we're talking already about the chinese economic slowdown, and i think this is a major moment for -- a major moment for development thinking. the idea of the authoritarian growth miracle that china has done so much to promote is really over at this point. let me give you a couple insights as to why it might be over. the first is that authoritarian groschen miracles don't last. hall asked a question of you. how many of you have heard about the togalese growth miracle? raise your hand...
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Dec 31, 2012
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part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what this could mean next. >>> plus a shell oil drill ship stranded at sea. how it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president o
part of annual tradition in north even china. hundreds of people gather to honor the country's national swimming day and. they don't have a problem with the cold water but the air temperature, 18 below zero. that could be a little nippy. uma: indeed a refreshing little dip there. jon: that i would not do. uma: that you would not do. jon: not in 18 below. uma: no way. defiant new move out of the iran, test firing missiles near one of the most important passageway for the world's oil supply. what...
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Dec 31, 2012
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here is at the be right now from beijing china, it just turned midnight there. they are ringing in the new year halfway around the world. we will continue bringing the year's celebrations throughout the morning as the kron4 morning news continues. i live look and we are watching conditions around the bay. lots of sunshine on this chilly morning and about 10 minutes from now we will hear from michael yacht key and the upcoming fiscal cliff. -- michael yaqui sleep train thanks all those who helped make a difference last year for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplies. thank you for the new shoes. thank you, secret santa. and thank you for donating money. your generosity proves that while not everyone can be a foster parent, anyone can help a foster child. - thank you. - thank you. gracias por su ayuda. thank you. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price y
here is at the be right now from beijing china, it just turned midnight there. they are ringing in the new year halfway around the world. we will continue bringing the year's celebrations throughout the morning as the kron4 morning news continues. i live look and we are watching conditions around the bay. lots of sunshine on this chilly morning and about 10 minutes from now we will hear from michael yacht key and the upcoming fiscal cliff. -- michael yaqui sleep train thanks all those who...
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Dec 31, 2012
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of how we stand up our defenses in the united states to protect our country from nation states like china and russia and now iran who seek to do us harm by using the internet. we will again aggressively pursue next year, with the help of my ranking member, actions needed, i believe, to protect the united states against what is the largest threat we face that we are not prepared to handle and that is the growing threat of cyberattack and cyberespionage. countering the profe live ration of weapons of mass destruction -- proliferation of weapons of mass destruction is an important part of our national security and we made sure that weapons and tests, research and development of new technology to maintain our intelligence agencies' technologically edge, and like the house-passed bill, this bill operates efficiencies in a number of areas, including information technology. satellite data and the procurement and operation of intelligence, surveillance and reconnaissance platforms. the bill holds personnel levels, one of the first and largest biggest cost drivers, generally at last year's levels.
of how we stand up our defenses in the united states to protect our country from nation states like china and russia and now iran who seek to do us harm by using the internet. we will again aggressively pursue next year, with the help of my ranking member, actions needed, i believe, to protect the united states against what is the largest threat we face that we are not prepared to handle and that is the growing threat of cyberattack and cyberespionage. countering the profe live ration of...
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well, strong manufacturing growth in china fueled most markets there. the shanghai composite gained more than 1 1/2 hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> today is the last trading day of the year on wall street. on friday, the markets closed lower as investors keep a close eye on the "fiscal cliff" negotiations. the dow plunged 158 points falling below the 13,000 mark while the nasdaq dropped 25 points. >>> ford motors had another banner year. the automaker says they sold 2.2 million vehicles here in the u.s. in 2012. that's up from 2.1 million last year. the ford focus is their most popular model. this is the second year in a row ford has topped 2 million in sales. the only u.s. company to do that. >>> and there may not be many happy returns this year especially if you don't have your receipt. the national retail federation says $63 billion worth of presents will be taken back to the stores. that is a lot of unhappy people. receipts could be critical in making a return because many stores are tightenin
well, strong manufacturing growth in china fueled most markets there. the shanghai composite gained more than 1 1/2 hong kong's hang seng lost a fraction and tokyo's nikkei was closed for the holiday. >>> today is the last trading day of the year on wall street. on friday, the markets closed lower as investors keep a close eye on the "fiscal cliff" negotiations. the dow plunged 158 points falling below the 13,000 mark while the nasdaq dropped 25 points. >>> ford...
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Dec 31, 2012
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KRON
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heard three people and killed a 56 year-old yuee yao who was here visiting her new grandchild from china. the judge set her bell at $2 million. if you post it she must wear a scramble device that checks to make sure that she is not drinking alcohol and is not allowed to dry. >> officials continue to investigate 2 alarm fire at a san jose apartment complex that killed three people and injured three others. the fire broke out late saturday night in the 3000 block of bridgeport court. authorities say that three people were killed they were a couple and their 4 year old granddaughter. a san jose police officer who helped with the rescue efforts was one of the three people that transported to area hospitals after he suffered from smoke. >> michael crabtree caught touchdown passes of 49 and 7 yds and finished with a career high of 172 yds, leading the san francisco 49ers to its second straight nfc west title with a 27 to 13 victory over the arizona cardinals on sunday. colin cabinet overcame a slow start to throw a career best 276 yds and two touchdowns as the niners did their part to control
heard three people and killed a 56 year-old yuee yao who was here visiting her new grandchild from china. the judge set her bell at $2 million. if you post it she must wear a scramble device that checks to make sure that she is not drinking alcohol and is not allowed to dry. >> officials continue to investigate 2 alarm fire at a san jose apartment complex that killed three people and injured three others. the fire broke out late saturday night in the 3000 block of bridgeport court....
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Dec 31, 2012
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healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you rightly know, ali, it's not a cliff, it's a slope. it's an ever-increasing slope over several months. you don't even have to wait long. you've only got to see what would happen when the social security withholdings start increasing, the withholding tax starts to move up. then you see that boomeranging effect we talked about. >> you and i have made fun of a lot of the europeans who have not been able to get their act together. when you look at the united states, who's messing it up more? >> i
healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal...
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Dec 31, 2012
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we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there is going to be a tax increase for a certain group of people. would i be willing to say yes to that? i think the answer is yes, if the expenditures really -- and i mean by a big margin, really go down so that this country could become balanced. we owe $17 trillion as a country. and unless something happens, there is going to be disa catastrophe the likes of which we've never seen. so the leaders have to get together and they have to make the big deal. not a stop gap. i'm watching you this morning and they talk about the little deal, the little deal, there is no little step. it's on
we're borrowing all of our money from china and other places and they can't believe it. and i can't believe it when i watch what's going on. and you could raise taxes all you want, but it's not going to be enough to solve the problem. the expenditures is really where the costs, are really where we have the big problem. as part of an overall deal, do i mind if my taxes go up? will it affect me? what i want to see is an -- they do a great job on expenditures, i guess he everybody can expect there...
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. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they
. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign. it's pretty clear china is a competitor and a partner. >> number four, europe, the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. >>> number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a...
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Dec 31, 2012
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china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic indicators up, what they're doing with the job is good, performance is good. asia will take a while, to the end of 2013. we'll see good entrepreneurial activity. that's going to depend on good performance in stocks. >> it will appreciate even with weaker economy or, you know, stagnated economy because there's not much growth to be accepted from all europe, you know, obviously call europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., euro and particularly euro
china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic...
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the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept representatives. we would just be ignoring the constitutional responsibility to get authorization. how can he do this? >> that's right. first of all, it is kind of technical, but they tried to do it through legislation for 10, 11 years. that's cap and trade we are talking about. now in order to do it through regulation you have to have what is called an endangerment finding. we had our committee and i said i have a feeling you will have an endangerment finding so you can regulate something you have tried to do through legislation. i saw her smile. frankly i like her. she gives honest answers, at lea
the problem is in china, in mexico, in other countries where they don't have standards. that is the crown jewel of all regulations. it is the most expensive one. and it is one that is based on the assumption that the catastrophic global warming is taking place, and it is due to man made gases. the people of this country know better. >> you know, senator, to be able to do that, it would be an outrage to most of us who understand the legislative process and we even have the ept...
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ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people at least. if you raise their taxes, they are going to layoff one of those. that could be -- you could see that stream throughout the economy. >> jim rogers who is a economic commentator has said it is inevitable we will have another recession. is he right? >> you know, i worry about people who talk about inevitability. i don't know. say we stay where we are right now, this is like a permanent recession. positive gdp growth, but let's talk about real world factors here. unemployment or lack of employment. the unemployment rate went down to 7.7% from 7.9% because the labor force is shrinkin
ge can diversify by opening a plant in china. it is easy to get productivity by going overseas. small business if you talk to anybody we don't know what will happen. we do know the president wants to raise our taxes. here is where the debate is absurd. the president says let's make it $250,000. it is fairness. people at the upper end, we need to be fair. he forgets those people, there are so many small businesses that file as individuals. a small business making $250,000 a year employ 10 people...
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Dec 31, 2012
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okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then to change it. >> um, there is not a huge political support to change it. >> why not? >> because it's seen as a sort of entitlement now. >> people see it as their right. >> exactly. >> "i'm only gonna work 35 hours a week and that's it." >> exactly. >> no, no, no! >> so no french politician would even dare to suggest fundamental reform, like trimming that guaranteed five weeks of vacation. and american melchior ray has been won over. she's talked herself into the idea that the french way of working, rather, not working, translates into good economic sense. >> people came back, and it was like everyone had had ten shots of espresso. they were just ready to go. they were like ever ready bunnies. everyone was going tog
okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then to change it. >> um, there is not a huge political support to change it. >> why not? >> because it's seen as a sort of entitlement now. >> people see it as their right. >> exactly. >> "i'm only gonna work 35 hours a week and that's it." >> exactly. >> no, no, no! >> so...
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the communist party of china selected new leaders. the secretive process produced a new president and l.a. lakers fan married to a rock star. but china's foreign policies are likely to stay the same, though the new leaders under pressure to deal with corruption and poverty at home. number five. mohamed morsi, a leader of the muslim brotherhood and islamist group became president of egypt. >> celebrate the victory of mohamed morsi. >> as his predecessor went on trial from his hospital bed, morsi impressed the west by helping to broker the cease-fire that ended an outbreak of warfare between hamas and israel. he then disappointed everyone by awarding himself sweeping powers at home, triggering outbursts of anger in tahrir square. number four. israel and hamas poured fuel on the fiery unrest in the region. one side firing rockets. the other launching missile strikes against targets in gaza. for the first time, israel felt vulnerable in jerusalem in tel aviv, the site of this bus attack in the waning days of the conflict before the big gu
the communist party of china selected new leaders. the secretive process produced a new president and l.a. lakers fan married to a rock star. but china's foreign policies are likely to stay the same, though the new leaders under pressure to deal with corruption and poverty at home. number five. mohamed morsi, a leader of the muslim brotherhood and islamist group became president of egypt. >> celebrate the victory of mohamed morsi. >> as his predecessor went on trial from his...
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china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work. it will do one thing, raise the prices everything we spend money on today. >> gregg: good to is a you. >> arthel: and if all that doesn't work, you play the lottery. california alone raking $4.8 billion in 2012. what are the odds of that in such a fragile economy. bringing in claudia kalan with the story. >> you are right. it's not just california. in states across the country, lottery sales were thriving in 2012. according to the experts it has a lot to do with the state of the economy. >> are you going to walk away with it? >> even
china is going to be okay. they are not suffering stagflation like the rest of the world is, which means runaway prices and slow growth. they will see the ripple effect from all these other countries. >> gregg: as keynesian theory ever worked ever in the long run? >> what printing money does it tries to squeeze up credit but you rarely see growth of it. so the printing of money, constant print can of money around the world we haven't seen it work. i don't think it's going to work....
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now get a lucid by lg, free. >> from iran's nuclear ambition toss china's nationalist impulses, the new year, no doubt, will bring its own share of foreign policy challenges. here with a look at which are likely to be the biggest, wall street foreign affairs, bret, and matt. bret, the world is safer now than a year ago? >> think about it we're that much closer to a nuclear confrontation or crisis >> paul: when you have crisis and chaos there is a than opportunity for american leadership and you would need the president that has the grand strategy what do i want to see happen in the next four years and how am i going to get there. >> paul: the strategy seems to be without advertising it america withdrawal and retreat in the world. we're going to cut the defense budget and people understand it. we're pulling out of afghanistan. we're already out of iraq. we've abdicated doing anything in syria. so we're going to lead a lot less. >> we had the right strategy. i think we could have the right strategy and opportunity. >> look, there is an analogy here. in 1920s, france and britain weren't pr
now get a lucid by lg, free. >> from iran's nuclear ambition toss china's nationalist impulses, the new year, no doubt, will bring its own share of foreign policy challenges. here with a look at which are likely to be the biggest, wall street foreign affairs, bret, and matt. bret, the world is safer now than a year ago? >> think about it we're that much closer to a nuclear confrontation or crisis >> paul: when you have crisis and chaos there is a than opportunity for american...
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as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is that t
as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to...
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Dec 30, 2012
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WUSA
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themselves on fire by the scores, self-immoe lating to attract wavering world attention to what they see is china's repressive world. okay worst political scandal. pat? >> worst political scandal? i would say general petraeus and his girlfriends. >> really? >> well, i brought down -- look they almost brought down the entire central command down there in florida over with due respect two young ladies and it was a horrendous scandal and destroyed the career of one of the most famous american generals of the 21st century. >> conduct unbecoming a gentleman. >> what he said. go ahead eleanor. >> i have to agree but i must say i'm waiting for the book i'm sure he will write a book. i hadpy they jus too but my backup dsk who -- would have been the president of france if he hadn't changed a hotel chamber maid around the room in new york. that was just settled in a civil suit. he paid up big. >> i would have to say benghazi. failure of the obama administration to protect our diplomats and a ridiculous attempt to cover it up. >> dynamite. >> the cover-up has yet to be proved but petraeus has to win. i mean -
themselves on fire by the scores, self-immoe lating to attract wavering world attention to what they see is china's repressive world. okay worst political scandal. pat? >> worst political scandal? i would say general petraeus and his girlfriends. >> really? >> well, i brought down -- look they almost brought down the entire central command down there in florida over with due respect two young ladies and it was a horrendous scandal and destroyed the career of one of the most...
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is that growth and innovation going to happen in the united states, or moreover seas in places like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers and silicon valley has been the result of immigration in the united states. if we don't stand in front of these things we can grow. >> thank you. >>> coming up in our second half hour a look ahead to 2013.k is the economy poised for a come back, or will slow growth and high unemployment continue to drag us down? and get ready for obama care. what you need to know as some key provisions kick in. >>> it was terrifying moments at a phoenix bank. workers arrived to find one of their co-workers with a device around her neck, but the device was harmless. she was taken hostage the night before and held against
is that growth and innovation going to happen in the united states, or moreover seas in places like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers...
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china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the
china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like...
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all of those jobs will come back from china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to try to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> we are talking about the senate negotiating a fiscal could deal on -- but one of the stories of in the paper comes from the baltimore sun with the president of in there headline saying the president modestly optimistic. let's see what the thoughts are of the viewers and listeners this morning. pamela from new jersey on the line for democrats. are
all of those jobs will come back from china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come...
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threats from iran, north korea, china, et cetera. and a defense department has more than 3 million people scattered across this world. it's someone that really understands defense. someone that's spent their entire life working the bureaucracy that knows the industrial base that knows soldiers. you know, i have nothing against senator hagel. he is a fine man. i have met him before. i think he is well-intended. but what we need are people like michelle floornoid. ash hammer. we need people who know the systems inside-out. the president needs the best advice in a time of war and time of crisis. we are forcing says questions station. tenuous time for armed forces given all these threats. >> dave: after what john boehner said on friday it looks like sequestration could actually happen. the question is why does the president want chuck hagel. when you look at his background. maybe not a defense expert. the "the washington post" came out and said there are those who come -- democrats that would be to the right of chuck hagel in terms of hi
threats from iran, north korea, china, et cetera. and a defense department has more than 3 million people scattered across this world. it's someone that really understands defense. someone that's spent their entire life working the bureaucracy that knows the industrial base that knows soldiers. you know, i have nothing against senator hagel. he is a fine man. i have met him before. i think he is well-intended. but what we need are people like michelle floornoid. ash hammer. we need people who...
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even china is bumping up against its neighbors and it's striking how little of this was discussed. but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger picture and a bigger december lesson that we can draw, which is the fighting in libya that produced the attack on the american consulate is part of the very long aftermath of what we used to call the arab spring. john kerry said we shouldn't call it that. it's going to take longer than one spring. and the people who did it were not members of the old al-qaeda. they were an off-shoot. they were inspired by al-qaeda. osama isn't there anymore. and that it's -- and the old al-qaeda probably doesn't have the capability to do 9/11 anymore but the problem of extremism is still out there and we hav
even china is bumping up against its neighbors and it's striking how little of this was discussed. but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger...
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i met him 18 years ago in china. a great guy then to migrate dynel. if it hadn't been for him we would not be here tonight. so jackie, wherever she is. no, there. without heard the invitation list would have been a mess. i have known allen and simpson for just over 50 years. i grew up in wyoming. i heard all the stories and i was a kid and then i tried to do them myself. he helped me out of that. i worked 18 years. press secretary in the chief of staff, responsible for all mistakes. [laughter] when he went to retire and went harvard, i went to the smithsonian and those in charge of government. my wonderful wife, rebecca, who was right here, i'm telling you, i could not have been without her. she researched and put up the media before:00 in the morning and is amazing. so we were tired, when overseas and did a bunch of work for charities and children and blind people on the purse and came back and ended up on a sailboat. one day in 2005 the phone connected to some island to our. it rained. it was al simpson. he said, these guys want to write the story o
i met him 18 years ago in china. a great guy then to migrate dynel. if it hadn't been for him we would not be here tonight. so jackie, wherever she is. no, there. without heard the invitation list would have been a mess. i have known allen and simpson for just over 50 years. i grew up in wyoming. i heard all the stories and i was a kid and then i tried to do them myself. he helped me out of that. i worked 18 years. press secretary in the chief of staff, responsible for all mistakes. [laughter]...
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[applause] i met him when he worked with haley bailey 18 years ago in china. he was a great divan. he's a great guy now. i hope you're good to meet him. it hadn't been for him, we wouldn't be here tonight. so, and jackie, wherever she is. they are. without her the invitation list would have been a mess. i have no alan simpson for just over 40 years. i heard of the story sophisticated than i try to do them myself. and he helped me out of that hole. i worked 18 years. as press secretary in chief chief of staff responsible for all mistakes. [laughter] wayne al went to retire and went to harvard, i went to the smithsonian and was in charge of government for a wild man. my wonderful wife, rebecca who is right here. i'm telling you i could not have done this book without you. she did with research and out of me being up at 4:00 in the morning and she is amazing. so we went overseas and did a bunch of work with charities and children and blind people and lepers and came back and ended up on a sailboat in one day in 2005, the phone connected for some reason to some island power in your bra
[applause] i met him when he worked with haley bailey 18 years ago in china. he was a great divan. he's a great guy now. i hope you're good to meet him. it hadn't been for him, we wouldn't be here tonight. so, and jackie, wherever she is. they are. without her the invitation list would have been a mess. i have no alan simpson for just over 40 years. i heard of the story sophisticated than i try to do them myself. and he helped me out of that hole. i worked 18 years. as press secretary in chief...
WHUT (Howard University Television)
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Dec 28, 2012
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we should be talking about rebuilding america's infrastructure, china has gone ahead with high-speed trains and massive investment in infrastructure. instead, we're back to the same old arguments about taxes and spending without really looking at what we're spending. we just passed the national defense authorization act the other day, another $560 billion just for one year for the war machine. so we're focused on whether or not we will cut domestic programs now? are you kidding me? >> congressman, the recent election was seen by many as a mandate from the electorate to finally be able to tax the wealthiest americans, to deal with some of the deficit. your sense of whether president obama and your fellow democrats in the senate and house will stay the course on this or will eventually compromise in a way that many progressives would regret? >> first of all, we have a divided government. president obama's election said one message, the election of republican house of representatives since another. the actually, working at odds here. you have republicans who will not raise taxes for any
we should be talking about rebuilding america's infrastructure, china has gone ahead with high-speed trains and massive investment in infrastructure. instead, we're back to the same old arguments about taxes and spending without really looking at what we're spending. we just passed the national defense authorization act the other day, another $560 billion just for one year for the war machine. so we're focused on whether or not we will cut domestic programs now? are you kidding me? >>...
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sea across the south china sea and the norse china sea as well where japan in north korea that's in the careers are involved as well but this is a big difference a big power play basically between the u.s. and china and india who wants to more or less control what goes on in an indian ocean we all know that in the future these three all have to live in the same waters the chinese navy the indian navy and u.s. navy so that brings us to the u.s. pivoting announced by a bomb almost a year ago at the pentagon if they go with the militaristic kind of thing towards asia then we're going to have a conflagration against china soon within the next few weeks if they go for some kind of commercial alliances with countries in asia individually dennis' a much better prospect for the u.s. and for the west in general ok alexander you know i began the i mean you know nato is nato a force for good ok because it's looking to the pacific now over. well i mean it was reaching out to countries like australia and japan to intensify their cooperation but i'll give you an example of that you just mentioned
sea across the south china sea and the norse china sea as well where japan in north korea that's in the careers are involved as well but this is a big difference a big power play basically between the u.s. and china and india who wants to more or less control what goes on in an indian ocean we all know that in the future these three all have to live in the same waters the chinese navy the indian navy and u.s. navy so that brings us to the u.s. pivoting announced by a bomb almost a year ago at...
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we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've g
we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong....
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china sea is my backyard because one of my bases is hong kong in fact what's happening the south china sea is going to be solved in a mechanism between the association of the southeast asian countries stan countries and china the problem is the un they will love to have a collective bargaining discussion in the china wants a bilateral discussion i'm sure over the next few i wouldn't say months but perhaps over the next two years or so they will find a mechanism to discuss all the disputes it's basically about oil and gas it's always about energy so who's going to exploit water. so they're going to feel it has problems in the china sea. no it's not i hope i'm right it's it's it's so odd to we we are getting from the political leadership from these southeast asian nations and also from the chinese as china doesn't want a confrontation with the south east southeast asia especially because most of these countries if not all of them their major trading partner is guess it china of course you would probably already know. reference currency all over southeast asia nowadays it's not the us dol
china sea is my backyard because one of my bases is hong kong in fact what's happening the south china sea is going to be solved in a mechanism between the association of the southeast asian countries stan countries and china the problem is the un they will love to have a collective bargaining discussion in the china wants a bilateral discussion i'm sure over the next few i wouldn't say months but perhaps over the next two years or so they will find a mechanism to discuss all the disputes it's...
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they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans are getting better each time out launching missiles and setting off nuclear explosions. >> on that note, how realistic do you think it is? and how soon do you think it would be that they would be able to i'm one of these long-range missiles with a nuclear warhead? >> that is the real question. this last missile test was real important because it showed that they were successful. they got it up into the atmosphere. it can go a long way to the united states. now, if they perfect nuclear explosions and start miniaturizing it, being able to put it o
they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans...
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burger king has similar joint ventures in russia, brazil, south africa and china. >> more than 14,000 dock workers on the east coast and the gulf are threatening to go on strike on sunday. brian takes a look at the impact it could have on the economy. >> they move everything from our clothes to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the impact would be great. obviously on the dollar value side. on the cargo handling side but also on the job side because again these sports are major economic generators. >> richard of the maryland port administrator and others say the economic damage from a strike would reach well beyond the docks. >> your mom and pop retailer to your farmer to the trucking company that has to pick up the container atmosphere the port. so not just at the port but
burger king has similar joint ventures in russia, brazil, south africa and china. >> more than 14,000 dock workers on the east coast and the gulf are threatening to go on strike on sunday. brian takes a look at the impact it could have on the economy. >> they move everything from our clothes to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on...
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gregg: i want to show you this new video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres of land. in short hundreds of billions worth of assets that it could sell off to pay down the national debt. some say it's time for the government to start selling. william la jeunesse is live with that story for us. >> reporter: when trying to reduce federal spending any single line item is either diminished as a droop in the bucket or praised at ever penny count. although no individual program will solve this budget crisis what to peel do when money is tight, when you're already borrowing money for every dollar you spend? you raise money with a garage sale. from
gregg: i want to show you this new video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres...
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amazing and terrifying video out of shanghai, china. 33-ton shark tank exploded sending sharks flying everywhere and shoppers running for their lives. at least four people were in front of the tank when it cracked as you saw there. 16 people suffered cuts and bruises, nobody was seriously hurt. three lemon sharks died. officials are investigating whether cold temperatures along with shoddy design may have caused this. >> i'm not sure this gives you the story you want. i got bit by a shark in front of the gap. >> shanghai known for its rigorous building standards. >> i love shanghai but this is always the criticism. is everything built right because it looks good. >> fabulous city but a little shoddy in some of the standards. >> that's a weird story. >> i've never heard of that happening. >> never before. we cover a lot of crazy stories. >>> one of the crazy stories we cover on cnn is the fiscal cliff. we'll wait to see if a critical meeting at the white house will prevent us from falling over the fiscal cliff. congressional leaders meet with president obama and vice president biden if
amazing and terrifying video out of shanghai, china. 33-ton shark tank exploded sending sharks flying everywhere and shoppers running for their lives. at least four people were in front of the tank when it cracked as you saw there. 16 people suffered cuts and bruises, nobody was seriously hurt. three lemon sharks died. officials are investigating whether cold temperatures along with shoddy design may have caused this. >> i'm not sure this gives you the story you want. i got bit by a shark...
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the risk is that business goes over seas to places like china and they don't have the scutiny and we might get devices that are not safe. >> kelly: these can go to ireland, heather. thank you very much. we showed you a poll that 64 percent of the americans think that teachers need to be armed . arizona is about to make that happen next. >> julia: smokersment new laws against you. and like snow smokingats work. that will clear out the front of this building. ♪ ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose t
the risk is that business goes over seas to places like china and they don't have the scutiny and we might get devices that are not safe. >> kelly: these can go to ireland, heather. thank you very much. we showed you a poll that 64 percent of the americans think that teachers need to be armed . arizona is about to make that happen next. >> julia: smokersment new laws against you. and like snow smokingats work. that will clear out the front of this building. ♪ ♪ but we can still...
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check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
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> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number two. cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, about spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after th
> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low...
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he has been soft on china's territorial demand in the south china sea. i could go on. i think he will fit very nicely with the obama administration. that is what has me worried. gregg: soft would be the word that you would use to describe him. ambassador john bolton, as always thank you. >> thank you. heather: well, coming up, not your average day at the shopping mall, when this massive aquarium tank burst into millions of people, millions of piece i should say. the big fish inside were not exactly the friendly type. gregg: yeah. lemon sharks. >>> a major dust-up over an image of mark zuckerberg's sister on facebook. the facebook family fiasco is coming up. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. gregg: city bus driver very lucky to be alive today. he was driving what looked like through a giant puddle in southern california. well turns out it was a massive sinkh
he has been soft on china's territorial demand in the south china sea. i could go on. i think he will fit very nicely with the obama administration. that is what has me worried. gregg: soft would be the word that you would use to describe him. ambassador john bolton, as always thank you. >> thank you. heather: well, coming up, not your average day at the shopping mall, when this massive aquarium tank burst into millions of people, millions of piece i should say. the big fish inside were...
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. >>> panic at a shopping mall in shanghai, china, when a giant shark aquarium suddenly burst. the 33-ton tank sending water, fish and shards shards of glass everywhere. 3 people were hurt. fortunately the starks didn't get very far. harris: let's look ahead to 2013 and perhaps the most important issue on american finds will continue to be the economy. there are new signs today, that 2013 should be a good year for us. dominick tavella, financial advisor and president of certified financial consultants is here in studio with us. dominic, you say there are three bright spots really the headline in this? >> once we get past the fiscal cliff we know it will take some dollars out of the economy, whether it is higher taxes or entitlement cuts. it will create a little bit of a shock to the economy but there are bright spots we should look for in 2013. harris: there are three you said. what are they? >> housing, energy and huge amount, trillions of dollars sitting on the sidelines by corporate america, waiting to come into the economy once this picture clears up. harris: we're getting
. >>> panic at a shopping mall in shanghai, china, when a giant shark aquarium suddenly burst. the 33-ton tank sending water, fish and shards shards of glass everywhere. 3 people were hurt. fortunately the starks didn't get very far. harris: let's look ahead to 2013 and perhaps the most important issue on american finds will continue to be the economy. there are new signs today, that 2013 should be a good year for us. dominick tavella, financial advisor and president of certified...
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in china you have to be a member of the communist party of you want to rise up. these 160 that the journal is highlighting, the journal has been doing this for some time showing how those with political connections and members of a party benefit from the availability of access because they get loans from the bank of china. stuart: it is fascinating because it stands communism on its head. >> four legs good, two legs better. this is not new. this is animal farm. they all started out, these people would have been condemned but now this is the new definition of what the chinese communist party accept as being good. stuart: it works in the sense that a few hundred million people have been moved up to the middle-class. >> there is this book why nations phalange you can have economic prosperity for a while but eventually you have to have political inclusion. feudalism working europe for a select few for only so long. stuart: we have got it and we will follow. [talking over each other] stuart: the highlight reel coming up next. stuart: here it is. a serious subject in t
in china you have to be a member of the communist party of you want to rise up. these 160 that the journal is highlighting, the journal has been doing this for some time showing how those with political connections and members of a party benefit from the availability of access because they get loans from the bank of china. stuart: it is fascinating because it stands communism on its head. >> four legs good, two legs better. this is not new. this is animal farm. they all started out, these...